Technical Director, Africa GreenCo
Penny Herbst has over 30 years of experience in an utility environment most of this in Eskom’s Treasury department, where she was exposed to a diverse set of financial, commercial and legal structures that emanate from its operations. Amongst others she has managed Eskom’s foreign and interest rate risk, money and capital market investments, project finance transactions, and the structuring of projects to mitigate risks associated with projects in Africa. She led the formation of Eskom’s Development Finance unit where in the role of Development Financing Manager she was instrumental raising, in excess of $6bn, from DFI and related institutions. This included funding for Eskom‘s first renewable projects where she spent some time in Eskom’s Renewables Unit working on bridging the gap between financing and implementation.